Nvidia buys Arm from SoftBank for $40bn in key AI bid

American hardware giant Nvidia is to buy UK chipmaker Arm from Japanese technology major SoftBank for $40bn. The deal, which was announced on Sunday evening, with the two companies announcing a definitive agreement that will see NVIDIA purchase Arm for a combination of $12bn cash and $21.5bn of its common stock. Arm employees will also … Continue reading SumUp beats the fintech downturn with €590m funding round